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A great number of the world's more than 13,000 alternative investment funds suffer from "Fund Manager's Disease," which significantly prevents those funds from increasing assets under management (AUM).
That’s according to Ole Rollag, managing principal of Murano Systems who, in his keynote presentation at the Amsterdam Investor Forum hosted by ABN Amro Bank, said that and on an industry-wide basis, the ‘disease’ serves to limit the adoption of alternative asset classes by institutional investors.
At a by-invitation-only session for global fund managers held at ABN AMRO Bank's headquarters in The Netherlands, Rollag noted that: "Because a fund's Chief Investment
Lawyers from Carey Olsen's Guernsey funds team have advised Creandum on the establishment of their latest venture capital fund, Creandum IV, which was oversubscribed and held a first and final closing at EUR180 million.
Private Equity Administrators Limited, Creandum's long term administrator, has again been appointed to provide administration services to the new fund.
Venture capital firm Creandum has 12 years' experience with over 50 start-ups, mostly focusing on the Nordic region. Creandum IV represents their largest early stage fund and was backed by a diverse global investor base from the Nordic region, Europe, the Middle East and North
Victory Park Capital (VPC), an investment firm focused on private middle market debt and equity investments, has appointed Upacala Mapatuna as chief investment officer. Upacala will bring more than 20 years of financial industry experience and over 15 years of investing experience to VPC.
“We have known Upacala for many years and are thrilled that she has chosen to join VPC’s leadership team. She is well-respected in our industry with proven investment acumen that will position us for continued success,” said Richard Levy, CEO and founder of VPC. “Upacala will be able to contribute immediately and we view her joining us as a validation of our investment strategy.”
As chief investment officer, Upacala will sit on VPC’s investment and management committees
Gide has advised Dalian Canglong Optoelectronic Technology Co on its acquisition of 70 per cent of the equity interests in French high-tech company Almae Technologies SAS.
Canglong Optoelectronic is part of the FiberHome Technologies Group, a major Chinese state-owned enterprise specialising in the manufacturing of optical fibre and cable products for the information technology and telecommunications industries. Its investment aims to boost the research, development and manufacturing of Almae Technologies’ photonic products in both France and China.
Gide acted as lead counsel to Canglong Optoelectronic on all the PRC and French legal aspects of the transaction, including assistance in
Grpwth private equity firm General Atlantic has appointed Achim Berg, former Chief Executive Officer of arvato AG, as an Operating Partner effective 1 April, 2016. Berg. who will work closely with the firm’s portfolio companies both in Germany and globally, will be based in General Atlantic’s Munich office.
“We are thrilled to welcome Achim to the GA team as an operating partner,” says Bill Ford, Chief Executive Officer of General Atlantic. “As a leading executive within the technology and business services sectors, his deep expertise and decades of experience will make him a valuable asset to our portfolio companies and
EnTouch Controls has raised USD8 million in Series C financing led by Egis Capital Partners. Also participating were new investors Traverse Venture Partners, Aster Capital and Calvert Investments along with existing investors SJF Ventures and Trailblazer Capital.
Richardson, Texas-based EnTouch provides facility asset and energy management intelligence and the financing will allow the firm to expand its sales and marketing team and capitalize on its leadership position in the Commercial Internet of Things (IoT) market.
The financing comes on the heels of a record year for the company as it tripled orders, expanded its footprint of connected facilities to
African Alpha Investment Partners (AIIP) has invested an undisclosed amount into SERS Ltd, an Africa focused equipment financing company based in Mauritius. The transaction was a refinancing of a facility raised and arranged by AAIP in October 2014, extending maturities and reducing the company's cost of borrowing.
The new facility also provided additional growth capital to allow SERS to finance further asset acquisition for its equipment financing clients, including those who have provided essential services to agencies active in the Ebola-affected countries of West Africa.
Rupert Boyd of AAIP, says: "We are delighted to be able to support such
Augentius, a specialist service provider to private equity and real estate funds, has expanded its client revenue by more than 30 per cent in 2015. This has enabled the firm to maintain its track record of achieving at least 20 per cent growth every year.
Augentius now has USD90.5bn assets under administration, spread across 373 funds for 145 clients. It is a truly global operation, with 12 domiciles, and its funds’ investors located in 101 countries.
Ian Kelly, Augentius CEO, says: “More business has transferred to Augentius from other administrators in 2015 than ever before, and that’s a testament
Noerr has advised the foodpanda Group on the sale to JustEat of food delivery service companies which do not belong to foodpanda’s core business.
The transaction affects the markets in Brazil and Mexico as well as the Rocket internet services in Italy (Pizzabo) and Spain (La Nevera Roja). The total purchase price is EUR125 million.
The transactions in Italy, Brazil and Mexico have been completed. Clearance by the Spanish antitrust authorities is expected to be given in the second quarter 2016.
In this transaction the Noerr team worked closely together with the firm’s UK partner law firm Addleshaw
Movebubble, the start-up finding renters a home through real-time help and insight from other renters, has received a funding boost of GBP1.1 million from private investors taking total investment to GBP2.36 million.
The new capital will be key to helping Movebubble achieve its aggressive growth targets and continue to revolutionise the rental market.
Movebubble is London’s only renter-dedicated property service, with thousands of available properties. Renters can discover, book viewings and secure a home in just a few taps via an app – using other renters’ honest feedback in real time to save a huge amount of time and
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